IPO Issue Details
Issue Price / Price Band₹31 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size64,20,000 shares (aggregating up to ₹19.90 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 23 Jan 2018
Subscription CloseThu, 25 Jan 2018
Anchor AllotmentMon, 22 Jan 2018
Basis of AllotmentWed, 31 Jan 2018
Initiation of RefundsThu, 01 Feb 2018
Credit of Shares to DematThu, 01 Feb 2018
Listing DateMon, 05 Feb 2018
UPI Mandate Deadline2018-01-25
Application & Investment Details
Retail — Min (1 Lots)₹1,24,000 — 4,000 shares
Retail — Max (13 Lots)₹1,612,000 (13 Lots)
HNI — Min (2 Lots)₹2,48,000 — 8,000 shares
Net Offer to Public60,96,000 shares (aggregating up to ₹18.90 Cr)
Reserved for Market Maker3,24,000 shares (aggregating up to ₹1.00 Cr)
Pre-IPO Promoter Holding1,50,00,000 shares
Post-IPO Promoter Holding2,14,20,000 shares
About Shree Ram Proteins Ltd.
Incorporated in 2008, Shree Ram Proteins Ltd is Rajkot Gujarat based company engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.The cotton linters are commonly used in manufacturing of papers and as raw materials for manufacture of cellulose. Cotton seeds oil cake, cotton seeds de oil cake and cotton hull are used as animal feeds. Cotton seed pre refine oil further process by refinery to convert in to edible oil.Company’s manufacturing process is in three stages:1. De-linting and de-hulling of Cotton seeds, this process result in manufacture of shot fiber (linter), and De-linted cotton Seeds2. Cotton seeds oil extraction process result in pre refine cotton seeds oil and cotton seeds oil cake and3. Solvent extraction process, result in pre refine wash oil and de-oil cotton seeds cake.
Objects of the Issue
Shree Ram Proteins Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding working capital requirements of the Company
15.00
2
2 General corporate purposes
3.60
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,50,00,000 shares
Post-IPO Promoter Holding
2,14,20,000 shares